NJAN vs. IQQQ
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - January (NJAN) and ProShares Nasdaq-100 High Income ETF (IQQQ).
NJAN and IQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NJAN is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 1, 2020. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024. Both NJAN and IQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJAN or IQQQ.
Correlation
The correlation between NJAN and IQQQ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NJAN vs. IQQQ - Performance Comparison
Key characteristics
NJAN:
7.21%
IQQQ:
17.14%
NJAN:
-20.70%
IQQQ:
-13.07%
NJAN:
-0.06%
IQQQ:
-0.03%
Returns By Period
In the year-to-date period, NJAN achieves a 2.83% return, which is significantly lower than IQQQ's 4.96% return.
NJAN
2.83%
1.60%
7.95%
15.89%
6.67%
N/A
IQQQ
4.96%
3.50%
11.60%
N/A
N/A
N/A
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NJAN vs. IQQQ - Expense Ratio Comparison
NJAN has a 0.79% expense ratio, which is higher than IQQQ's 0.55% expense ratio.
Risk-Adjusted Performance
NJAN vs. IQQQ — Risk-Adjusted Performance Rank
NJAN
IQQQ
NJAN vs. IQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - January (NJAN) and ProShares Nasdaq-100 High Income ETF (IQQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
NJAN vs. IQQQ - Dividend Comparison
NJAN has not paid dividends to shareholders, while IQQQ's dividend yield for the trailing twelve months is around 8.02%.
| TTM | 2024 | |
|---|---|---|
NJAN Innovator Growth-100 Power Buffer ETF - January | 0.00% | 0.00% |
IQQQ ProShares Nasdaq-100 High Income ETF | 8.02% | 7.27% |
Drawdowns
NJAN vs. IQQQ - Drawdown Comparison
The maximum NJAN drawdown since its inception was -20.70%, which is greater than IQQQ's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for NJAN and IQQQ. For additional features, visit the drawdowns tool.
Volatility
NJAN vs. IQQQ - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF - January (NJAN) is 2.31%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 4.74%. This indicates that NJAN experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.